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The JPY is the strongest and the NZD is the weakest at the start of the North American session.

From strongest to weakest major currency

The JPY is the strongest and the NZD is the weakest at the start of the North American session. The USD is mixed with modest changes against the EUR, GBP, CHF, CAD and AUD.

U.S. stocks were little changed. On Friday, the S&P index closed above 5,000 points, closing at a record high. American/European yields are lower. Last week, the US Treasury successfully distributed 3, 10 and 30 year coupon issues, largely supported by international demand.

The crude oil market is trading lower to start the American day. The Saudi energy minister indicated that OPEC was ready to adjust supply. Geopolitical tensions continued with Houthi forces targeting a ship in the Red Sea and ongoing Israeli offensive operations.

The RBNZ’s Orr said inflation remained too high. Last week, the ANZ said it now expects two more rate hikes in 2024. Now the currency is correcting lower.

The Kansas City Chiefs (and Taylor Swift) win the Super Bowl against the SF 49ers in overtime. Usher’s halftime show was a boost. Around 155 million viewers worldwide. For comparison, Manchester City vs Milan? 450 million globally, which dwarfs its American counterpart. You win. WickedMovie was one of the most “engaged” ads (not the most popular but the one that led to searches). Our son (the company he works for) helped launch the site to coincide with the Super Bowl commercial. That’s pressure (imagine if it crashed).

The Fed’s planned speech today includes:

Federal Reserve Governor Michelle Bowman: Scheduled to talk about “Defining Banking” before the American Bankers Association Conference for Community Bankers at 9:20 a.m. local time.

Thomas Barkin, president of the Federal Reserve Bank of Richmond: Set to speak at the Atlanta Economics Club at 11:30 a.m. ET

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis: Will participate in a conversation hosted by the Economic Club of Minnesota at 1 p.m. ET

Back of England’s Bailey is scheduled to speak at 1 p.m. ET. This week, the economic calendar is highlighted by the US CPI

  • Monday: BOE Governor Bailey speaks
  • Tuesday: New Zealand inflation expectations, UK employment, US CPI
  • Wednesday: UK CPI, UK Governor Bailey speaks
  • Thursday: AUD employment, UK GDP, US retail sales, US jobless claims
  • Friday: UK retail sales, US PPI, Michigan US consumer sentiment.

On next week’s earnings schedule, Shopify, Coca Cola, AIG, Cisco and Coinbase are interesting companies. The Big Daddy of the entire earnings season will be released on February 21, when Nvidia is expected to release its report. The fate of AI and Ai stocks rests on the chip supplier:

  • Tuesday: Shopify, Coca Cola, Marriott, Lyft, AIG
  • Wednesday: Kraft Heinz, Albemarle, Twillio, Cisco
  • Thursday:,John Deere,Coinbase

A snapshot of the markets at the start of the North American session currently shows:

  • Crude oil is trading -$0.85 or -1.11% at $75.99. At this time Friday, the price was trading at $76.20.
  • Gold is trading down $3.19 or -0.16% at $2021. At this time on Friday, the price was trading at $2,029.69.
  • Silver is trading up $0.34 or 0.51% at $22.93. At this time Friday, the price was trading at $22.59.
  • Bitcoin is trading at $47,940. At this time on Friday, the price was trading at $47,415. Today’s high of $48,814, which was the highest of the weekend (so far). The lowest was Saturday at $47,720.

In pre-market trading for US stocks, major indices are trading virtually unchanged. The S&P closed above 5000 for the first time on Friday (at a record high). The major indexes closed higher for the fifth consecutive week and for the 14th in the last 15 trading weeks.

  • Dow Industrial Average futures imply a -22.69 point decline. On Friday, the index fell 54.64 points or -0.14% to 38671.72
  • S&P futures imply a -0.86 point decline. On Friday, the index rose 28.70 points or 0.57% to 5,026.62. There was a record close
  • Nasdaq futures imply a record -2.9 points. On Friday, the index rose 196.95 points or 1.25% to 15,990.66

On the European equity markets, the main indices are moving upwards:

  • German DAX, +0.36%
  • France CAC +0.38%
  • British FTSE 100, -0.06%
  • Spanish ibex, +0.57%
  • Italian FTSE MIB, +0.57% (delayed by 10 minutes).

Shares in Asia-Pacific markets were mixed.

  • Japan’s Nikkei 225 closed for the holidays
  • The Chinese Shanghai Composite Index, closed for holidays
  • Hong Kong Hang Seng Index Closed for Holiday
  • Australia S&P/ASX, -0.83%.

In the US debt market, yields are lower.

  • 2-year yield 4.416% -2.7 basis points. Yesterday at this time the yield was 4.490%
  • 5-year yield 4.119% -3.2 basis points. At this time yesterday, the yield was 4.145%
  • 10-year yield 4.159% -2.7 basis points. Yesterday at this time, the yield was at 4.179%
  • Yield at 30 years 4.364% -1.6 basis points. At this time yesterday, the yield was 4.375%
  • The 2-10 year gap stands at -30.3 basis points. At this time yesterday, the spread was -30.9 basis points.
  • The 2-30 year gap stands at -9.6 basis points. At this time yesterday, the spread was -11.0 basis points.

On the European debt market, 10-year benchmark yields are lower:

European 10-year yields are falling

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William Dupuy

Independent political analyst working in this field for 14 years, I analyze political events from a different angle.
Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
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